Bernoulli and behavioural finance: Both wrong

The behavioral finance community has strong opinions about this clever problem, but risk professionals, as usual,
  • 30 Agosto 2017

In the history of science and mathematics, there exists the (still) well known Bernoulli family. Numerous members of this Swiss family made brilliant mathematical contributions during the seventeenth and eighteenth centuries. I venture to say that the Bernoullis would be “hell on wheels” in quantitative finance today.

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